EBIT

Telenor Group sells Telenor Satellite to Space Norway

Retrieved on: 
Thursday, November 16, 2023
Sale, EBITDA, Acquisition, EBIT, Parliament, NOK, EVP, Fishery, Partnership, Letter, Government, Communications satellite, Telenor, Fornebu

Fornebu, 16 November 2023 – Telenor has entered into an agreement with Space Norway regarding the sale of its subsidiary Telenor Satellite.

Key Points: 
  • Fornebu, 16 November 2023 – Telenor has entered into an agreement with Space Norway regarding the sale of its subsidiary Telenor Satellite.
  • With Space Norway, Telenor Satellite will have an industrial owner who has the right competence and who will prioritise the required financial resources to realise the company’s potential.
  • Telenor and Space Norway have already signed a letter of intent outlining a strategic partnership and possible joint business development initiatives, in particular regarding additional satellite capacity and satellite consulting services.
  • "The government will propose to the Parliament that Space Norway be provided with capital to finance the acquisition of Telenor Satellite.

Nine-month interim report (Q3) 2023

Retrieved on: 
Wednesday, November 15, 2023
HDM, Peanut allergy, Growth, AIT, BLA, House, Patient, Q3, EBIT, Ageing, ALK, Pharmaceutical industry

First interim readouts from the Phase 1 trial of the tablet treatment for peanut allergy are still expected end-2023.

Key Points: 
  • First interim readouts from the Phase 1 trial of the tablet treatment for peanut allergy are still expected end-2023.
  • Global tablet sales and SCIT/SLIT-drops sales are still expected to grow by double digits respectively in the second half of the year.
  • Additionally, we are excited about the positive results from the recent Phase 3 paediatric studies, reinforcing our long-term growth prospects.
  • Being new to the company, I want to thank all employees for their warm welcome and for their dedicated efforts.”

Team, Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 9, 2023
Sale, IHT, Eye, EBITDA, NYSE, EBIT, Inspection, Depreciation, Team, GAAP, Adjustment, TEAM, Music, Pharmaceutical industry, Video game

Grew consolidated Adjusted EBITDA2 to $11.1 million (5.4% of consolidated revenue), up from $10.6 million (4.9% of consolidated revenue) in the 2022 third quarter.

Key Points: 
  • Grew consolidated Adjusted EBITDA2 to $11.1 million (5.4% of consolidated revenue), up from $10.6 million (4.9% of consolidated revenue) in the 2022 third quarter.
  • Repaid the Company’s remaining $41.2 million of convertible notes with proceeds from the previously announced June 2023 refinancing transaction.
  • In the third quarter of 2023, consolidated gross margin was $52.8 million, or 25.5% of revenue, compared with $56.0 million, or 25.7%, in the same quarter a year ago.
  • The following table illustrates the composition of the Company’s revenue and operating income (loss) by segment for the quarter ended September 30, 2023 and 2022 (in thousands):

Ermenegildo Zegna Group Unveils Updated Group Strategy Following Tom Ford Fashion Acquisition, and Strong Medium Term Financial Outlook

Retrieved on: 
Tuesday, December 5, 2023
Fashion, Professional Services, Retail, Luxury, Specialty, Finance, Banking, Oasi Zegna, DTC, NYSE, EBIT, Investment, Tax, Nature, Marketing, Capital market, Forecasting, EST, Cash, Growth, Family, Wool, Security (finance), Risk management, Zegna

Ermenegildo Zegna N.V. (NYSE:ZGN) (“Zegna Group,” “the Group,” or “the Company”) today will host its second Capital Markets Day at the New York Stock Exchange where the Group will unveil the next iteration of its strategy and its updated medium-term financial objectives, including its ambitions for Tom Ford Fashion.

Key Points: 
  • Ermenegildo Zegna N.V. (NYSE:ZGN) (“Zegna Group,” “the Group,” or “the Company”) today will host its second Capital Markets Day at the New York Stock Exchange where the Group will unveil the next iteration of its strategy and its updated medium-term financial objectives, including its ambitions for Tom Ford Fashion.
  • Several months later, at our first Capital Markets Day held at Oasi Zegna in May 2022, we shared our medium-term financial outlook.
  • Earlier this year we have added another incredible name to our portfolio: TOM FORD FASHION, which has become the third pillar of the Group.
  • Zegna’s management believes that Net Financial Indebtedness/(Cash Surplus) is useful to monitor the level of net liquidity and financial resources available to Zegna.

Thales Completes the Acquisition of Imperva, Creating a Global Leader in Cybersecurity

Retrieved on: 
Monday, December 4, 2023
Security, Data Management, Technology, Artificial Intelligence, Software, Digital identity, Euronext Paris, Acquisition, Web application firewall, Data-centric security, EBIT, Content delivery network, Access management, Big data, Quantum technology, WAF, Multimedia, Distributed Denial of Secrets, Heart, Artificial intelligence, DIS, CDN, API, Identity management, Application security, RASP, Denial-of-service attack, Motion, Customer identity access management, Access, Arms industry, Risk management, Online shopping, Thales of Miletus, Imperva

This is a key milestone for Thales, creating a global leader in cybersecurity, with more than 5,800 cybersecurity experts across 68 countries and €2.4bn in cybersecurity revenue expected in 2024, including civil and defence activities, with double-digit growth expected thereafter.

Key Points: 
  • This is a key milestone for Thales, creating a global leader in cybersecurity, with more than 5,800 cybersecurity experts across 68 countries and €2.4bn in cybersecurity revenue expected in 2024, including civil and defence activities, with double-digit growth expected thereafter.
  • This transaction will generate significant value creation for Thales’ shareholders in line with the targets communicated in July 2023, when announcing the acquisition.
  • “This acquisition marks a key step in Thales' ambition to become a global leader in cybersecurity, reinforcing its strength in data security and expanding into the buoyant application security market.
  • The acquisition of Imperva increases Thales’ digital security workforce in North America by almost a third.

Ford Provides Guidance for Full-Year 2023 Operating Results; CFO Lawler Today Will Reiterate Ford+ is ‘Right Strategy to Win’

Retrieved on: 
Thursday, November 30, 2023
EV, Electric Vehicles, Automotive, General Automotive, Engineering, Automotive Manufacturing, Manufacturing, Other Automotive, Performance & Special Interest, Off-Road Trucks & SUVs, Ford, EBIT, Ford Models, Ford Motor Company, Tax, UAW, Element, SUV, Conference, Software, Barclays, Growth, Life, Insurance, Video game

Those are the primary messages that Ford CFO John Lawler will deliver in remarks this morning at the Barclays Global Automotive and Mobility Tech Conference .

Key Points: 
  • Those are the primary messages that Ford CFO John Lawler will deliver in remarks this morning at the Barclays Global Automotive and Mobility Tech Conference .
  • Ford withdrew 2023 financial guidance in late October during the UAW strike of certain U.S. operations.
  • Lawler will say that Ford now anticipates full-year 2023 adjusted earnings before interest and taxes of $10.0 billion to $10.5 billion.
  • Ford plans to report fourth-quarter and full-year 2023 financial results – and provide initial guidance about its financial expectations for full-year 2024 – after the close of business on Tuesday, Feb. 6.

Delta Galil Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 16, 2023
Luxury, Department Stores, Other Retail, Specialty, Fashion, Cosmetics, Retail, Supply Chain Management, Online Retail, EBITDA, Woman, Acquisition, Humphrey Bogart, Growth, Delta Galil Industries, Clothing, Tourism, Arms industry, Cryptocurrency, Video game, EBIT

Delta Galil Industries, Ltd. (DELG/Tel Aviv Stock Exchange), the global manufacturer and marketer of branded and private label intimate, activewear, loungewear and denim apparel for men, women and children, today reported financial results for the third quarter and nine months ended September 30, 2023.

Key Points: 
  • Delta Galil Industries, Ltd. (DELG/Tel Aviv Stock Exchange), the global manufacturer and marketer of branded and private label intimate, activewear, loungewear and denim apparel for men, women and children, today reported financial results for the third quarter and nine months ended September 30, 2023.
  • Isaac Dabah, CEO of Delta Galil, stated, “During the third quarter, we made strong progress executing against previously disclosed strategies aimed at reducing inventory levels, expanding gross margin, and generating strong operating cash flow.
  • We expect 2024 will be a strong year with meaningful revenue and profitability growth compared to 2023, and at similar level of 2022 record annual results.
  • Gross margin in the third quarter of 2023 increased to 40.9%, compared to 38.4% in the third quarter of 2022.

REPLY: The Board of Directors Approves the Quarterly Financial Report as of 30 September 2023.

Retrieved on: 
Tuesday, November 14, 2023
IOT (Internet of Things), Data Management, Insurance, Technology, Finance, Fintech, Banking, Business, Apps, Applications, Professional Services, Artificial Intelligence, Software, Networks, Data Analytics, Internet, EBITDA, EBIT, Investment, EXM, Artificial intelligence, Intelligence, Automation, Cloud computing, ISIN, AI, Paragraph, STAR, Video game, Cryptocurrency, Bookkeeping, Rare-earth element, Reply, COVID-19

Today, the Board of Directors of Reply [EXM, STAR: REY] approved the results as at 30 September 2023.

Key Points: 
  • Today, the Board of Directors of Reply [EXM, STAR: REY] approved the results as at 30 September 2023.
  • As of September 2022, EBITDA was €218.6 million (€207.6 million should be considered for comparison purposes)*.
  • As at 30 September 2023, the Group’s net financial position was positive at €189.7 million.
  • The net financial position as at 30 June 2023 was positive for €101.6 million.

Mercedes-Benz launches first EV charging hub in North America; Network aims to deliver a fast, reliable, premium charging experience for drivers of all EV brands.

Retrieved on: 
Wednesday, November 15, 2023
Other Travel, Environment, State, Local, EV, Electric Vehicles, Destinations, Travel, Engineering, Environmental Health, Other Automotive, Automotive Manufacturing, Manufacturing, Performance & Special Interest, Other Energy, Public Policy, Government, Fleet Management, Other Retail, Alternative Energy, Alternative Vehicles, Fuels, Energy, Automotive, Specialty, Vehicle Technology, Tourist Attractions, Retail, Sustainability, Green Technology, General Automotive, Mercedes-Benz Bank, Open access, DCS, IONITY, Map, Optare StarRider, NACS, Electricity, Mercedes-Benz India, FREE, EQ, Safety, ChargePoint, Joint venture, Multimedia, Friends, Mercedes-Benz, Mercedes-Benz USA, Mercedes-Benz Group, Original equipment manufacturer, MN8, Fastest, EBIT, Coffee, Food, Insurance, Weather, Athlon, Mercedes-EQ, SUV, CCS1, Partnership, Carbon, Mobility, EVS, Buc-ee's, Green, LED, Digital, Mercedes-Benz Mobility, Software, Automotive industry, Car dealership, Airline, Electric battery, Renewable energy, Mobile phone

Powered by clean energy: Through both direct and indirect means, the charging hub uses renewable energy and is carbon neutral.

Key Points: 
  • Powered by clean energy: Through both direct and indirect means, the charging hub uses renewable energy and is carbon neutral.
  • To download photos of the Sandy Springs charging hub, please click here:
    The Mercedes-Benz Charging Network will set a new benchmark for quality and customer experience in the charging industry.
  • Key Mercedes-Benz Charging Network Highlights:
    The Fastest Charging Network in the US: The Mercedes-Benz Charging Network will exclusively offer chargers of up to 400kW at all charging hubs.
  • The Mercedes-Benz Charging Network promises premium customer experiences, complete with nearby amenities to integrate charging into EV drivers’ daily lives.

Johnson Controls Reports Q4 and FY23 Results Highlighted by Strong Sales Growth and Margin Expansion; Initiates FY24 Guidance

Retrieved on: 
Tuesday, December 12, 2023
Table, JCI, Growth, EBIT, NYSE, GAAP, Tax, Digital, EBITA, EPS

Excluding special items, adjusted EPS from continuing operations was $1.05, up 6% versus the prior year period (see attached footnotes for non-GAAP reconciliation).

Key Points: 
  • Excluding special items, adjusted EPS from continuing operations was $1.05, up 6% versus the prior year period (see attached footnotes for non-GAAP reconciliation).
  • Sales in the quarter of $6.9 billion increased 3% compared to the prior year on an as reported basis and grew 2% organically.
  • This press release includes forward-looking statements regarding organic revenue growth, adjusted segment EBITA margin improvement and adjusted EPS, which are non-GAAP financial measures.
  • The unavailable information could have a significant impact on the Company's fiscal 2024 first quarter and full year GAAP financial results.